Shocking stat of the day:
$2.1 TRILLION of excess savings have been wiped out of the US economy since August 2021.
From March 2020 until August 2021, $2.1 trillion in excess savings were built up after $4 trillion of stimulus.
Since then, US households have depleted these savings at a pace of ~$70 billion per month down to a -$72 billion in March 2024.
At the same time, US credit card debt has risen by $330 billion to a record $1.1 trillion.
Meanwhile, savings rates in the US declined from 3.5% in February to 3.2% in March, the lowest since November 2022.
Savings are now considered a luxury.
🚨🇺🇸 RFK. JR PRAISES ELON FOR RELEASING TWITTER FILES: “I WILL ALWAYS LOVE ELON”
"The Twitter files, which Elon Musk voluntarily released, an insane move.
All of his attorneys told him not to do it.
When he bought Twitter he found millions of documents that showed collusion between the White House and Twitter employees on censorship.
Instead of burning them, he invited the last living investigative journalists.
He gave them the documents and told them to do whatever they wanted with them.
I will always love Elon."
Source: The Rubin Report
IT'S HAPPENING
Thousands of people in Japan turn out in massive protest against the WHO and "new world order".
SHARE because the mainstream media is not reporting on this 👇
🚨TRUMP: "What's going on with the world?! Everybody is fighting. Russia, Ukraine, Israel, the middle east is blowing up. Everything is blowing up. China is going to be next with Taiwan. Because of weakness… Bring Donald Trump back as President and it will all stop."
Bloomberg Economics has run a million simulations to assess the fragility of the debt outlook.
In 88% of the simulations, the results show the debt-to-GDP ratio is on an unsustainable path — defined as an increase over the next decade.
I turned 34 this year.
The advice I'd give my 24 year old self?
1. Avoid car loans
2. Put in extra work (50+ hours a week)
3. Drink more water
4. Network with people 2-3 steps ahead of you
5. Be okay with letting go of old friendships